Welcome to our dedicated page for Apollo Tactical Income Fund news (Ticker: AIF), a resource for investors and traders seeking the latest updates and insights on Apollo Tactical Income Fund stock.
Apollo Tactical Income Fund Inc. (NYSE: AIF) is a closed-end management investment company focused on generating current income while preserving capital. The fund seeks to achieve this objective by diversifying its investments across various credit instruments. This strategic allocation is based on both absolute and relative value assessments, as well as an in-depth analysis of the credit markets.
Established to offer investors a reliable income stream, Apollo Tactical Income Fund Inc. leverages the expertise of Apollo Global Management, a leading global alternative investment manager. The fund’s portfolio is actively managed to optimize returns while mitigating risks, ensuring a balanced approach to income generation and capital preservation.
In its recent activity, the fund announced a distribution of $0.125 per common share for October 2023, with similar distributions for the following months, reflecting its commitment to providing consistent income to its shareholders. These distributions are scheduled to be paid at the end of each respective month, with specific key dates for ex-dividends and record dates, ensuring transparency and regular income for investors.
The fund's ability to adapt its strategy based on market conditions and credit analysis makes it a valuable option for investors seeking a blend of income and stability. Apollo Tactical Income Fund Inc. navigates the complexities of the credit markets with a focus on maintaining liquidity and capital resources, bolstered by the robust infrastructure and expertise of Apollo Global Management.
For additional information, investors can contact Elizabeth Besen, Investor Relations Manager at Apollo Global Management, Inc., ensuring direct and efficient communication regarding the fund's performance, strategies, and upcoming distributions. Investors can also access product literature and other resources to stay informed about the fund's activities and updates.
The Board of Directors of Apollo Tactical Income Fund (NYSE: AIF) has approved the reorganization of Apollo Senior Floating Rate Fund (NYSE: AFT) into AIF, which will continue as the surviving fund. The reorganization is expected to take place by the end of Q2 2021, pending shareholder approvals and customary conditions. A definitive Proxy Statement/Prospectus will be filed with the SEC, and shareholders are encouraged to read it for details regarding investment objectives, risks, and expenses associated with the funds.
Apollo Tactical Income Fund (NYSE: AIF) has declared a special year-end distribution of $0.102 per common share. This distribution is scheduled for payment on January 14, 2021, with an ex-date of December 30, 2020 and a record date of December 31, 2020. The distribution is expected to be entirely funded from net investment income. Shareholders will receive a Form 1099-DIV post-year-end detailing tax treatment. The announcement includes forward-looking statements concerning the Fund's performance and may involve certain risks and uncertainties.
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